Veytics Intelligence
2026-10-15 · CNBC

Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of " Inside India " — your one-stop destination for stories and developments from the world's fastest-growing large economy. Indian tycoon Mukesh Ambani, whose plans to launch satellite communications and dominance over the Indian telecom market have drawn the ire of Elon Musk last week, has a more pressing worry. Jio Platforms, the company at the center of Musk's remarks, is coming up with a record IPO issue soon, but its valuation demands have met with pushback from investors who seem unconvinced of the company's positioning as a tech business. Any thoughts on today's newsletter? Share them with the team.

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